36NTransfer of Part VIII deposits held by nominated exchange

##### 36N Transfer of Part VIII deposits held by nominated exchange (1) In this section: > outstanding deposit, in relation to a relevant member, means a deposit that: (a) the relevant member lodged under Part VIII with the nominated exchange before the relevant commencement; and (b) the nominated exchange held, immediately before that commencement, on trust for the relevant member. > relevant member means a member organisation of the Exchange that was, immediately before the relevant commencement, a member organisation of the nominated exchange. (2) An outstanding deposit in relation to a relevant member: (a) vests in the Exchange at the relevant commencement; and (b) as from that commencement, is held on trust by the Exchange for the relevant member as if the relevant member had lodged the deposit with the Exchange under Part VIII. (3) Property in which an outstanding deposit in relation to a relevant member has, before the relevant commencement, been invested by the nominated exchange and that was held by the nominated exchange immediately before that commencement vests at that commencement in the Exchange. (4) For the purposes of the application of Part VIII after the relevant commencement in relation to an outstanding deposit in relation to a relevant member, the relevant member shall be deemed to have lodged and maintained the deposit with the Exchange under that Part.